Question: Corner Restaurant is considering a project with an initial cost of $211,600. The project will not produce any cash flows for the first year. Starting

Corner Restaurant is considering a project with an initial cost of $211,600. The project will not produce any cash flows for the first year. Starting in Year 2, the project will produce cash inflows of $75,000 a year for six years. The firm has assigned it a discount rate of 12.6 percent. What is the project's net present value?

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